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Communications Sales & Leasing prices $400M debt offering

Communications Sales & Leasing Inc. and co-issuer CSL Capital LLC priced their $400 million offering of 7.125% senior notes due 2024.

The notes will be offered at an issue price of 100.000%.

The net proceeds from the offering, set to close Dec. 15, will be used to repay outstanding amounts under Communications Sales & Leasing's revolving credit facility and for general corporate purposes.